Altcoins Surge, Ethereum Reaches a 3-Month High

by in Cryptocurrency News

Altcoins surge along with crypto market cap

Over the last 24 hours, the total crypto market cap has increased by around 2.7%, surpassing $2.17 trillion.

Bitcoin surpassed $50.000 for the first time since May. Ethereum has surged over $3.362.

The native token of the Cardano blockchain, ADA has come near to $3. Today, the coin reached a new all-time high of $2.88 on CoinMarketCap. The coin ranks third with a market cap of over $90.2 B.

In September, Cardano's Alonzo upgrade will be released and allow smart contract development on the blockchain.

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A native token of another blockchain, Solana's SOL also set new records. On August 21, the price of SOL reached a new all-time high of $81.

Statistics show that the number of crypto investments in 2021 has increased significantly compared to the last year. This is connected with the industry's evolvement, banks offering crypto services, and the more positive approach.